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NRMLA

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Hawaii bill seeking state-run reverse mortgage program appears dead for now

February 14, 2025 by bp56691
A bill seeking to establish a state-specific HECM program in Hawaii is likely dead until at least 2026, according to a sponsor lawmaker.
Categories Hawaii, HECM, Home Equity, HWmember, Legislation, NRMLA, Reverse

One in 10 ‘gray divorce’ couples finance split with housing wealth

February 12, 2025 by bp56691
More than one in 10 U.K. couples finance their divorces with property, including through the local equivalent of a reverse mortgage, according to new survey data.
Categories Home Equity, HWmember, NRMLA, Reverse

Proprietary reverse mortgage business in Oregon could be in danger

February 7, 2025 by bp56691
A bill introduced in Oregon could halt proprietary reverse mortgage business if enacted, according to NRMLA.
Categories HECM, HWmember, NRMLA, Oregon, Regulatory, Reverse, Unison

Tennessee official, citing property tax relief, notes more interest in reverse mortgages

February 6, 2025 by bp56691
A Tennessee official noted rising interest in reverse mortgages from area seniors when discussing property taxes on a local radio station.
Categories HECM, HWmember, NRMLA, Property Tax, Reverse, Tennessee

What will happen to HMBS 2.0 under Trump’s regulatory freeze?

January 23, 2025 by bp56691
HMBS 2.0 could make a big difference for reverse mortgage securities issuers, but a lack of concrete information leaves an implementation timeline unclear.
Categories FHA, Ginnie Mae, HMBS, HUD, HWmember, Mortgage Bankers Association, NRMLA, Regulatory, Reverse, Senate

As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts

January 10, 2025 by bp56691
Los Angeles County has the highest concentration of HECM borrowers in the country, and the industry is moving to respond.
Categories Celink, Disaster Relief, FEMA, FHA, Finance of America, HighTechLending, HUD, Mortgage Cadence, Natural Disaster, New American Funding, NRMLA, Reverse, Reverse Loans Now

Reverse mortgage leaders on partnering with the forward side in 2025

January 3, 2025 by bp56691
The reverse mortgage industry seeks to build its positive momentum this year after collaborating extensively with forward lenders in 2024.
Categories Fairway Independent Mortgage, Guild Mortgage, HECM, HWmember, New American Funding, NRMLA, Reverse

NRMLA’s Steve Irwin on political change and the 2025 HECM limit

December 26, 2024 by bp56691
NRMLA’s Steve Irwin on political change and the 2025 HECM limit
Steve Irwin discusses political changes, how those could impact the HECM program and more in this interview.
Categories NRMLA, Reverse

NRMLA’s Steve Irwin on FHA report, HECM changes and more

December 16, 2024 by bp56691
NRMLA’s Steve Irwin on political change and the 2025 HECM limit
NRMLA’s president discusses the association’s outlook for the industry and the condition of the FHA’s Mutual Mortgage Insurance Fund.
Categories FHA, HECM, HUD, NRMLA, Reverse

Reverse mortgage educators look to correct the record on credit lines, equity modeling

November 13, 2024 by bp56691
Reverse mortgage educators Dan Hultquist and Jim McMinn take on more HECM program misconceptions among industry professionals.
Categories Counseling, HUD, Internal Revenue Service, NRMLA, Regulatory Compliance, Reverse, San Diego
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